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Nov 28, 2012
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that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects m
that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow....
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Dec 3, 2012
12/12
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who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
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Dec 5, 2012
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this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40% without a lot of trouble. >> and march is when the banks have to put their plan forward. >> the plan is being put forward now. they're getting two shots at it, much better than last year where they simply rejected plans. this year, if the plans are rejected, they get to resubmit. this year i think the banks will be conservative. >> see if citigroup makes the cut this time. favorite regional? >> sun trust banks. i like it a lot. plays into this regional play with the housing recover write rates low. >> okay. good. thank you, both, for joining us. >>> we're starting to lose altitude
this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40%...
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Dec 6, 2012
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. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we would also dip our toe into europe into some very high-quality, multicountry stocks there. mostly on consumer discretionary stocks as well. >> george, we haven't forgotten you yet. scott, i have a question for you. just noticed today france and germany's sto
. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is...
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Dec 4, 2012
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why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to 15% where they are today. >> you are looking at opportunity 15% below where we are now in the market. what kind of properties are you looking at and stocks are you looking at at this point? what makes a good stock for you, other than value? is it cash generation? is it niche plays? how do you pick the components of the portfolio? >> companies that generate more cash than they need to operate in the business. and management that we really trust to redeploy that cash well. that can be a bank stock like wells fargo, cab pharmaceutical stock like valiant. can be john malone's liberty companies we own three of four o
why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to...
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Dec 4, 2012
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so in light of this new environment, we want to see whether my anointed growth stocks hold up. are the fundamentals still okay? i went over amazon, google, mastercard, visa and sherwin williams. i don't like google as much. now five more names to review and reexamine. next up is ulta salon. they got hit in mid october when the chief financial officer announced his sudden resignation. we never like that when the cfo resigns. that could be a sign that something could be really wrong with the financials. given that this particular cfo had been there less than two months, it probably was the case of him being the wrong guy for the job. last thursday ulta went on to report a terrific quarter. and the stock shot up seven points in the news. management indicated they're seeing a strong start to the holiday shopping season. the real story with ulta, and the reason it's been such a fabulous stock -- is that the company is growing like a weed, expanding all over america. they have 537 locations, ultimately they plan to double that. next year alone the company intends to open 125 new stor
so in light of this new environment, we want to see whether my anointed growth stocks hold up. are the fundamentals still okay? i went over amazon, google, mastercard, visa and sherwin williams. i don't like google as much. now five more names to review and reexamine. next up is ulta salon. they got hit in mid october when the chief financial officer announced his sudden resignation. we never like that when the cfo resigns. that could be a sign that something could be really wrong with the...
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Dec 3, 2012
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we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if you're trying to figure out which of these stocks worries me the most, it's google, it's become a show-me situation. how about visa and master cad? both up decently since i recommended them in october. these are both plays in the worldwide switch from paper currency to plastic. visa and mastercard both reported strong quarters in october, they have healthy balance sheets. mastercard is winning new business all over the place. and visa announced a $1 billion buyback. even though visa has a new ceo, i'm a big fan of both stocks. i think they're both candidates to offer special dividends as the year unwi
we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if...
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Dec 4, 2012
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i think it's the asset that looks most bond friendly in a bond friendly environment and on a pullback i will go back to full share size. >> these companies are in our top three trades. gold breaks below a key technical level. we're going to go to the pits to find out if it's a sign of even more selling to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopp
i think it's the asset that looks most bond friendly in a bond friendly environment and on a pullback i will go back to full share size. >> these companies are in our top three trades. gold breaks below a key technical level. we're going to go to the pits to find out if it's a sign of even more selling to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we...
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Dec 5, 2012
12/12
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obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on street related to bonuses. >> you put out a note today where you wrote, "citi is already pretty efficient with an efficiency ratio better than most peers." i kind of did a double take on that because i thought they were a giant, bloated, highly inefficient, oversized big bank? >> well, i didn't say all the big banks were efficient,dy? no. look, that is -- i put out actually a precursor to the note last week that said the same thing and it was a bit of an eye opener for people. people have been frustrated with citi saying basically $48 billion to $50 billion of expenses on an annual basis for the la
obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on...
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Nov 28, 2012
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but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of business, we have about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to dive head first off the cliff if that's what it takes to reach what he thinks is a good deal on tax hikes while protecting entitlements. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from
but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of...
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Dec 4, 2012
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so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one for one give and take going forward between republicans and democrats. >> if you think we are headed for a difficult time, you know, as you say due to structural economic headwind, when and how do we pull out of it? >> with difficulty. i think policy you whether monetary policy or fiscal policy has to be directed toward -- toward growth. yes, that's mantra from both republican and democratic sides but basically, growth challenged, taken our growth from us in terms of job creation, we need to have policies that fight back, that either devalue the dollar relative to competition so our exports and manufacturin
so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one...
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Dec 6, 2012
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the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting shot at ford theater. i don't think there's anything here, it's very difficult to prove. >> of all of the street's top strategists, tom lee could nail the number on where the s&p will close out 2012. his prediction of 14,030 is looking better by the day. tom welcome, good to see you again. >> thanks. >> how does that factor in? i don't know if you heard geithner on our air yesterday with steve liesman but sounded like a guy prepared to go cliff diving. >> i did hear that and you know, that's not very constructive talk because at the end of the day, you know, if we have a recession, the depth of that
the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting...
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Nov 28, 2012
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clarification, who knows what, but i think unfortunately you have to -- to pete et cetera point it is a trading environment. we're not necessarily short-term traders, but we are looking for opportunities in those themes that have been working, so housing, for example, we are looking to buy something back like a weyerhaeuser. i think there's a lot of names there. maybe some of the industries. >>> the psychology behind the move you think that we're seeing why is the market up? >> i think people are examining what he said and looking back at boehner's statement, so maybe they do agree to put taxes on the table, the republicans. i'm going to disagree, i don't think this is a trade market, i think it's a low exposure market, where you have plenty of cash and an investing market. you just can't trade this market. you don't know who is coming out next with a statement, and that could whipsaw you. the only way to possibly do it is find out when harry reid will be speaking and go short. he's taking it down. mcconnell, in all fairness, really didn't do the markets any favored. >>> you're absolutely right, but i'll t
clarification, who knows what, but i think unfortunately you have to -- to pete et cetera point it is a trading environment. we're not necessarily short-term traders, but we are looking for opportunities in those themes that have been working, so housing, for example, we are looking to buy something back like a weyerhaeuser. i think there's a lot of names there. maybe some of the industries. >>> the psychology behind the move you think that we're seeing why is the market up? >> i...
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Dec 4, 2012
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why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to disperse this year. some companies are borrowing money just to pay out the dividend before the new year so they can get their investors to get the 15% dividend tax. is this the kind of corporate financial responsibility we want? borrowing money just to give it away? who wants a dividend that a company cannot afford or if it can afford it it chooses to borrow the tax. this is just an observation on how one bad policy can act as a domino effect. bad policy begets bad policy. it is another reason why america is pleading with washington to get a deal done on the fiscal cliff. stop taunting one another with
why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to...
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Nov 30, 2012
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we bring a whole level of energy to the environment and we bring things that the competition don't bring. and we are -- we are providing a dining opportunity for families that they can't get anywhere else. >> one question. do you -- you get pressure on your menu in terms of this -- american diet fad that's going on? have you changed your menu over time to be -- somewhat responsive to that need? >> we are doing that kind of behind-the-scenes. tony la russaed sodium across our menu last year by 50%. it is not something we advertise. we have. we have calories on our men use in new york. and so we are prepared to take a leading role on that. and -- >> i know what i'm getting into, paul. please don't. if i come in there, i know what i want. don't give me something i don't want. >> that's the great thing about our concept is you can come into moe's and have a great healthy, even vegetarian meal -- >> that's not what i want. >> or you can get a 20-ounce home wreck their will satisfy you for the rest of the day. >> all right. >> paul, come back again and bring more samples. thanks very much for
we bring a whole level of energy to the environment and we bring things that the competition don't bring. and we are -- we are providing a dining opportunity for families that they can't get anywhere else. >> one question. do you -- you get pressure on your menu in terms of this -- american diet fad that's going on? have you changed your menu over time to be -- somewhat responsive to that need? >> we are doing that kind of behind-the-scenes. tony la russaed sodium across our menu...
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Nov 30, 2012
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we are going to see a very volatile environment until we get a resolution. so in the short-term, you're kind of trading range bound in the market. i think you want to take advantage of the extremes. so into these big positive moves, you take a little off. it's not a bad thing to take profits and to have cash. i do think that when you see the market pull back and you see extremes in terms of on the downside, i think you want to be buying because i think once you get this fiscal cliff resolution, whenever it is, i think the markets will work higher because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go
we are going to see a very volatile environment until we get a resolution. so in the short-term, you're kind of trading range bound in the market. i think you want to take advantage of the extremes. so into these big positive moves, you take a little off. it's not a bad thing to take profits and to have cash. i do think that when you see the market pull back and you see extremes in terms of on the downside, i think you want to be buying because i think once you get this fiscal cliff resolution,...
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Dec 6, 2012
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. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten realty investors, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a bountiful yield, doesn't have a lot of leverage. company recently sold off the portfolio of industrial assets to become a pure play on retail, and 76% of the rent it collects comes from tenants that are effectively internet resistant. they say it in their own papers. meaning they're as immunized against online competition as it gets. things like supermarkets, restaurants, pet stores, personal care service providers. 93.6% occupancy rate up 200 basis points year-over-year. very bullish guidance. let's check in with drew alexander, the president and ceo of weingarten realty investors. how are you? >> pleasure. great to be here. >> now, we obviously are all very focu
. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten realty investors, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a bountiful yield, doesn't have a lot of leverage. company...
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Nov 30, 2012
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so what do you do with all this in an environment you're not sure with? rely on the risk reward. focus on the down side. >> time for our traders to face off on one of the biggest stock stories of the day. yum, a major china play. falling sharply after warning sales in that country will be much worse than expected. is it time to bail or buy on the dip? one stock two opinions. let's debate it. what do you do with this one? >> i think it is an opportunity. i haven't stepped in yet today. i was looking. joe told me earlier he had. i still like the fact they gave their full-year guidance the same as it had been. talking about their growth being 10% not 14% as far as earnings per share. i like what they also have told us in china as far as the growth strategy. they're going to continue to expand some of the stores, 700 more stores are going into china. i think for all these reasons the ceo also pointed out china will be strong. they still consider that to be their big growth area and it will be strong. >> this is a big story. >> it's a huge story. it's not a little miss in china. they
so what do you do with all this in an environment you're not sure with? rely on the risk reward. focus on the down side. >> time for our traders to face off on one of the biggest stock stories of the day. yum, a major china play. falling sharply after warning sales in that country will be much worse than expected. is it time to bail or buy on the dip? one stock two opinions. let's debate it. what do you do with this one? >> i think it is an opportunity. i haven't stepped in yet...
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Dec 4, 2012
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and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the business climate that the government and the leadership have generated. >> doctor, some of it is federal, right? some hhs stuff? how much is federal and how much is state in the partnership? >> well, we have very broad programs. i think what you were referring to is the state of texas led by a team by texas a&m university system was recently awarded a $285 million federal contract. >> yes. >> to have a center for advanced development and innovation. that's going to be located in texas. so, there is a significant financial
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the...
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Nov 28, 2012
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd li
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. why use temporary...
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Dec 3, 2012
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i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone tou
i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there....
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Dec 3, 2012
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how would steve jobs feel about the current environment as it is right now at apple? >> well, again, i'm not inside of apple. i'm outside of apple looking at it. >> but you knew the way he thought about the world, and -- >> sure. steve jobs lived in a world of black and white. no compromises, perfectionist, he believed that you had to keep pushing the edges of innovation. and apple is still doing that. what apple is doing right now is it's building out the follow-on evolution very successful products like the ipad. now we have the ipad mini. so i think apple has got a few years of being able to do that. at some point, it's got to do something beyond that. >> john, there have been some notable stumbles in apple's past and in the recent past they have been able to surmount them and push them aside. what do you think is the biggest risk, whether product risk or execution risk in china, et cetera. if it you're long apple, what is the one thing that maybe makes you somewhat cautious going into the next year to 18 months? >> well, it's certainly not supply chain. apple know
how would steve jobs feel about the current environment as it is right now at apple? >> well, again, i'm not inside of apple. i'm outside of apple looking at it. >> but you knew the way he thought about the world, and -- >> sure. steve jobs lived in a world of black and white. no compromises, perfectionist, he believed that you had to keep pushing the edges of innovation. and apple is still doing that. what apple is doing right now is it's building out the follow-on evolution...
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Dec 4, 2012
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they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base as you know. so you could have significant growth for some time. >> everything that goes into a house. a lot of spending goes into a house. >> definitely. cramer has stocks on his list that are worthy of your attention. what does he think about them? his mad dash is coming up next. later, shares of gamestop surging from summer lows hoping to score big this holiday season. we'll talk with the ceo. let's take another look at futures as we head into this tuesday morning session. we're looking about flat. more "squawk on the street" straight ahead. this is america. we don't let frequent heartburn come b
they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base...
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Dec 3, 2012
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to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place for doing more deals. >> right. in this world regardless of whether it's just a broad band connection or not, you say they will figure out a way to get paid. >> exactly. if you look at over the top distribution, that's been another way for content providers to sell content. if anything, it's been a new customer for them. >> sam, we're going to leave it there. looking forward to seeing you later face to face. i'll interview tom rutledge who runs charter. u.s. media conference being held the first three days of this week, i bel
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place...
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Nov 29, 2012
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you can also get killed in those environments. >> when you talk about multinationals, the conversatwh happening around the world. the indians and the brazilians are raising the rates. >> i think one of the primary drivers, when you think about going into the emerging world, understanding the political situation, the legal situation is very important. so i think that those countries to really have long-term growth and sustainability. i think those countries will go through fits and starts but they need to know that opening market will really improve their chances of building their domestic economies. i wouldn't put any one bet on any one country. but if you look at growth around the world. we're going to be looking from a damping of inflation. the emerging world is very important. >> good to see you curtis. >> we want to quickly point out the euro. it did crack 130 at one point, it backed off a little bit. but optimism across europe did make some yields. >> a phenomenal -- this is overtwo months, this cross has moved 4%. that's extraordinary. >> it's enormous. >> and also of course the
you can also get killed in those environments. >> when you talk about multinationals, the conversatwh happening around the world. the indians and the brazilians are raising the rates. >> i think one of the primary drivers, when you think about going into the emerging world, understanding the political situation, the legal situation is very important. so i think that those countries to really have long-term growth and sustainability. i think those countries will go through fits and...
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Dec 5, 2012
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. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rul
. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as...
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Nov 28, 2012
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we have a place like california and los angeles in an urban environment where spark makes a huge amount of sense. it's a great package. we'll do something here. >> one last question. we were talking about we went on. you have been in this industry for a long time. you can't remember the last time there was this much optimism in the auto industry. is it sustainable? >> obviously everything goes in cycles. we talked a little bit about that. the economy obviously here is something that's variable right now. i think the industry and i think most oems and particularly the supply base that's changed their break even points through this cycle to a place where we haven't been before. the agility of the industry and companies that are in it both supply and oem, that agility enables a huge amount of product investments and if you look at the stands at this show, the competitive products here are -- i have never seen it in the industry. it's very exciting. we can do it and make money. the industry is in a healthy point right now. >> mark joining us when you look around the show here, there's more
we have a place like california and los angeles in an urban environment where spark makes a huge amount of sense. it's a great package. we'll do something here. >> one last question. we were talking about we went on. you have been in this industry for a long time. you can't remember the last time there was this much optimism in the auto industry. is it sustainable? >> obviously everything goes in cycles. we talked a little bit about that. the economy obviously here is something...
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Dec 6, 2012
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we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 bil
we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive....
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. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both s
. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all...
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Nov 28, 2012
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better plan there and getting that business to a level of sustainability given the very competitive environment. and in asia-pacific, it's all about all the seeds we've planted in terms of investments and plants and products, those are going to bear a lot of fruit in terms of volumes and revenues as we grow that business going forward. >> we've done probably five of six interviews, not just the auto market, but the economy as a whole, and seems like the same question over and over, are you seeing stability? and any time i talk with you or other auto executives, yes, we think we're seeing stabilization. do you have confidence that europe has stabilized? >> i can't give you 100% pure confidence. we're seeing some encouraging signals even in the last couple of days in terms of some of the sovereign debt issues they're trying to resolve. but our approach there is -- as you know, we've announced a transformation plan there, it's about investing in products. but at the same time, work on the cost side and that's why we've made announcements around some equipment changes. >> real quick, here in the u.
better plan there and getting that business to a level of sustainability given the very competitive environment. and in asia-pacific, it's all about all the seeds we've planted in terms of investments and plants and products, those are going to bear a lot of fruit in terms of volumes and revenues as we grow that business going forward. >> we've done probably five of six interviews, not just the auto market, but the economy as a whole, and seems like the same question over and over, are...